Since land is not depreciable, the depreciation will primarily apply to the structure.

Could you lead me in the right direction? 

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

Feel free to direct message me! 

The current owner never applied for a rental license.

Hopefully you'll get some decent advice here that will steer you in the right direction, but I urge you do search the forums and do some googling as you'll find better and/or more information. 

Wholesaler finds motivated sellers through marketing (direct mail, signs, internet ads, door knocking, etc)2.

We're still undecided as to which direction to go, but leaning towards LTR as we are thinking about this as a long term investment.

we are also in PCB. my guest breakdown has been about 70% VRBO, 20% Airbnb and 10% direct bookings.

Self directed IRA money How did you add value to the deal?